KCR Residential REIT (LON:KCR) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

KCR Residential REIT (LON:KCR)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 10.65 and traded as high as GBX 11. KCR Residential REIT shares last traded at GBX 11, with a volume of 120 shares changing hands.

KCR Residential REIT Price Performance

The company has a 50-day moving average of GBX 10.65 and a 200 day moving average of GBX 9.84. The company has a market cap of £4.58 million, a PE ratio of 13.92 and a beta of 0.18.

KCR Residential REIT (LON:KCR) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX (0.91) earnings per share (EPS) for the quarter. KCR Residential REIT had a negative net margin of 23.79% and a negative return on equity of 3.87%.

About KCR Residential REIT

KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.